The Reserve Bank of Zimbabwe (RBZ) has revised its 2024 economic growth forecast down to 2%, citing the severe drought's impact on economic activity. This is a sharp decline from earlier estimates, including a 3.5% forecast in April and a 5.3% forecast in November 2023. The drought has ...
Yearly inflation rates have since fallen from a high of 837 % to the current 194 % as at April 30, 2021 amid the slowdown of the Zimbabwe dollar depreciation on both the parallel and official exchange rate markets. Several listed companies and banks have since acknowledged the platform’s imp...
In the statement, he said the new currency takes effect immediately. The ZiG kicked off trading at 13.5616 against one United States dollar. Concurrently, the old ZWL had skyrocketed with multiple exchange rates based on the interbank market, retail shops, kombis, the illegal parallel market an...